Report on Nevada s Housing Market

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Report on Nevada s Housing Market"

Transcription

1 June 214 Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is co-presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas and the State of Nevada Department of Business & Industry. These reports provide monthly updates on housing market trends for stakeholders throughout Nevada, which will be crucial as Nevada embarks on a path of housing recovery. Funding provided by the Housing Data and Index Project, a joint initiative of:

2 Nevada s Housing Market June 214 Table of Contents Nevada Statewide Trends... 2 Northern Trends.. 1 Southern Trends.. 14 Rural Trends Page 1

3 Nevada s Housing Market June 214 Nevada Statewide Trends Population: 2,79,136 in 213 Housing Units: 1,186,879 in 213 Source: U.S. Census Bureau: State and County QuickFacts Page 2

4 Nevada s Housing Market June 214 Nevada Statewide Trends Nevada continues to see less distress in the housing market as traditional home sales continue to increase. Throughout the entire second quarter of 214, Nevada saw consistent increases in new and existing home sales. The share of homes with a mortgage underwater is now 26.3 percent - 3 percentage points lower than last quarter. Humboldt Elko Nevada, along with the rest of the United States, saw a large drop in housing affordability. This was caused by median income not increasing this quarter and home prices seeing significant increases. Affordability in Reno and Las Vegas each dropped by about 1 percentage points this quarter and the United States only dropped by about 3 percentage points this quarter. Housing affordability in Reno and Las Vegas is now nearing the National Association of Home Builders benchmark where half the working class can afford half the homes sold on the market. Washoe Storey Carson City Lyon Douglas Pershing Churchill Mineral Lander Eureka White Pine Single-Family Home Sales* June 214 M2M Change Y2Y Change New % -39.% Existing % -18.8% Distress Share 18.1% -7.5% -34.8% Residential Construction Total Starts Single-Family Multifamily Average Single-Family Sales Price* New $31, % +11.% Existing $211, % +7.5% Distress $164, % +4.3% Esmeralda Nye Clark Lincoln Source: Lied Institute calculations using CoreLogic Data and the State of the Cities Data Systems by U.S. Department of Housing and Urban Development. *Figures portray Three-Month Moving Weighted Averages Page 3

5 Nevada s Housing Market June 214 Nevada Statewide Trends Single-Family Home Prices Monthly Number of Sales Single-Family Home Sales Date (January 2 - June 214) Date (January 2 - June 214) Existing New Existing New The Single-Family Home Prices figure above shows the three-month moving average price of existing homes and new homes. Existing homes are single family homes that were exchanged from one private owner to another. This includes homes sold by real estate agents, owners, and lenders. New homes are single family homes that were exchanged from a builder to a private owner. The other figure, Single-Family Homes Sales, illustrates the frequency of those transactions for both existing and new homes. A seasonal pattern is obvious in the Single-Family Home Sales graph. In Nevada, each year, there are more home sales during the summer than during the winter. Page 4

6 Nevada s Housing Market June 214 Nevada Statewide Trends Housing Affordability Clark Listings in Hundreds Date (1 Quarter 2-2 Quarter 214) 211 Equilibrium 212 Las Vegas Reno Nation Source: National Association of Home Builders Note: Series denote the proportion of home sales affordable at median income Nevada Single-Family Homes for Sale Date (January 27 - June 214) Clark Washoe Listings in Hundreds Washoe Source: Greater Las Vegas Association of Realtors and UNR's Center for Regional Studies The Housing Affordability figure shows the proportion of home sales that could have been bought by borrowers earning at least the local median income, with a conventional loan. It is an index developed by the National Association of Home Builders (NAHB). As a benchmark, half of the working class should be able to afford half of the homes sold when the market is in equilibrium. The other figure, Nevada Single-Family Homes for Sale, shows the number of homes available for sale at the end of the month. These numbers include new listings that are awaiting a purchasing contract. Furthermore, they include homes that are under contract and about to sell. Page 5

7 Nevada s Housing Market June 214 Nevada Statewide Trends Single-Family Distress Sales Share of Distress Sales Share of Distress Single-Family Home Sales Date (January 2 - June 214) REO Sales Short Sales Date (January 2 - June 214) Single-Family Distress Sales is a figure that displays the monthly number of Real Estate Owned (REO) sales and short sales. REO sales are homes that have been repossessed by lenders through foreclosure and then sold in the market. Short sales, on the other hand, are homes that were sold for an amount below the owner s outstanding mortgage balance. Both numbers are three-month weighted moving averages. The other figure, Share of Distress Single-Family Home Sales, tracks the proportion of home sales (including new home sales) that were REO sales or short sales. A healthy proportion for a housing market is close to zero. Page 6

8 Nevada s Housing Market June 214 Nevada Statewide Trends 1 Foreclosure Trends 1 Equity in Quarter 2, 214 (Home Value - Mortgage Balance) Percent Date (January 2 - June 214) Days Delinquent Foreclosure Inventory Positive Equity Negative Equity The Foreclosure Trends figure includes two series: the 9+ Days Delinquent series and the Foreclosure Inventory series. The 9+ Days Delinquent series consists of the number of homes that are secured by a loan in default for 9 days or more. This includes homes that are in the process of being foreclosed. The Foreclosure Inventory series consists of homes that have begun the foreclosure process or are in some stage of foreclosure. The other figure depicts what proportion of homes secured by a mortgage have positive equity or negative equity. When a home has a market value at or above its outstanding mortgage balance, it is consider to have positive equity. Otherwise, the house has negative equity. Page 7

9 Nevada s Housing Market June 214 Nevada Statewide Trends Notices of Default and Repossessions Monthly Frequency Residential Home Auctions Date (April 25 - June 214) REO 3-Month Moving Average NOD 3-Month Moving Average Actual REO Actual NOD Date (April 25 - June 214) Notice of Trustee Sales 3-Month Moving Average Source: RealtyTrac Source: RealtyTrac These two figures are based on numbers gathered from County records by RealtyTrac. The first figure shows the monthly number of Notices of Default and Repossessions. The Notice of Default (NOD) is the initial stage of foreclosure that starts at least 9 days after the homeowner s mortgage default date. Not all homes that receive a NOD will necessarily be foreclosed. There exist other alternatives homeowners can invoke such as a loan modification, deed-in-lieu of foreclosure, and short sale. The other figure, Residential Home Auctions, shows the monthly number of homes that received a Notice of Trustee Sale and underwent a public auction. It includes both the successful and unsuccessful actions. Those that were unsuccessful are reverted back to the lender, which are expectedly sold later in the market as an REO. Page 8

10 Nevada s Housing Market June 214 Nevada Statewide Trends New Jersey Florida New York Maine Connecticut Hawaii Illinois Nevada Maryland Vermont Delaware New Mexico Ohio Pennsylvania Rhode Island Oregon Indiana South Carolina Oklahoma Kentucky Top 2 States in Foreclosure Inventory 2nd Quarter Percent of Loans in the Foreclosure Inventory Source: Mortgage Bankers Association's National Delinquency Survey 12 New Jersey Maryland Florida Connecticut Ohio Delaware Illinois Mississippi Maine Georgia Indiana Rhode Island Pennsylvania New York Nevada Vermont Kentucky North Carolina Arkansas South Carolina Top 2 States in Foreclosure Starts 2nd Quarter Mortgage Foreclosure Starts as Percent of Stock Source: Mortgage Bankers Association's National Delinquency Survey 1.25 These figures rank Nevada nationally on the basis of statistics that are provided by Mortgage Bankers Association s National Delinquency Survey. The Top 2 States in Foreclosure Inventory figures is a ranking that uses the proportion of loans in the foreclosure inventory. That is the number of home loans reported to be in some stage of foreclosure divided by the total number of home loans serviced. The Top 2 States in Foreclosure Starts is a ranking that uses mortgage foreclosure starts as a percent of stock. In other words, this is the number of initiated foreclosures divided by the total number of home loans serviced. Page 9

11 Nevada s Housing Market June 214 Northern Trends Population: 614,491in 213 Housing Units: 267,161in 213 Source: U.S. Census Bureau: State and County QuickFacts (Carson City, Churchill, Douglas, Lyon, Storey, and Washoe County) Page 1

12 Nevada s Housing Market June 214 Northern Trends Northern Nevada performed much better than the state average in terms of distress for the month of June 214. The share of homes sold under distress decreased by18.2 percent from May 214 to June 214, and is down over 41 percent year over year. The percentage of homeowners underwater also decreased by over 3 percent and is now at 19.2 percent the lowest of any region in Nevada. New home prices decreased each month of the second quarter of 214 in Northern Nevada. However, new home prices only decreased a modest amount each month and new homes are still priced over $25, more than Southern Nevada. New home prices are also up 23.1 percent year over year much more than any other region in Nevada. Carson City Single-Family Home Sales* June 214 M2M Change Y2Y Change New 1-4.5% -11.8% Existing % -9.1% Distress Share 14.3% -18.2% -41.6% Residential Construction Total Starts Single-Family Multifamily Average Single-Family Sales Price* New $325,95 -.2% +23.1% Existing $25, % +4.1% Distress $189, % +12.1% Douglas Washoe Storey Lyon Humboldt Pershing Lander Churchill Mineral Esmeralda Nye Eureka Elko White Pine Lincoln Clark Source: Lied Institute calculations using CoreLogic Data and the State of the Cities Data Systems by U.S. Department of Housing and Urban Development. *Figures portray Three-Month Moving Weighted Averages Page 11

13 Nevada s Housing Market June 214 Northern Trends Single-Family Home Prices Monthly Number of Sales Single-Family Home Sales Date (January 2 - June 214) Date (January 2 - June 214) Existing New Existing New Single-Family Distress Sales Share of Distress Sales Share of Distress Single-Family Home Sales Date (January 2 - June 214) REO Sales Short Sales Date (January 2 - June 214) Page 12

14 Nevada s Housing Market June 214 Northern Trends Count in Thousands Foreclosure Trends Monthly Frequency Notices of Default and Repossessions Date (January 2 - June 214) Date (April 25 - June 214) REO 3-Month Moving Average Actual REO 9+ Days Delinquent Foreclosure Inventory NOD 3-Month Moving Average Actual NOD Source: RealtyTrac 1 Equity in Quarter 2, 214 (Home Value - Mortgage Balance) Percent Residential Home Auctions Monthly Frequency Date (April 25 - June 214) Positive Equity Negative Equity Notice of Trustee Sales 3-Month Moving Average Source: RealtyTrac Page 13

15 Nevada s Housing Market June 214 Southern Trends Population: 2,27,868 in 213 Housing Units: 854,89 in 213 Source: U.S. Census Bureau: State and County QuickFacts (Clark County) Page 14

16 Nevada s Housing Market June 214 Southern Trends New single-family start ups and new home sales increased each month during the second quarter of 214 for Southern Nevada. Southern Nevada is the only region in Nevada that sees consistent growth in the new single-family home market. New home prices still remain relatively stable as home prices only dropped by 1 percent this month. Washoe Humboldt Elko Southern Nevada did not see the large drop in distress share that the rest of the state saw. The share of homes sold under distress in Southern Nevada only decreased 3 percent this month, and is still near 2 percent. Storey Pershing Churchill Lander Eureka White Pine New and existing home prices remain stable in Southern Nevada. Distress home prices saw a significant month to month increase for the first time in over a year. Carson City Douglas Lyon Mineral Single-Family Home Sales* June 214 M2M Change Y2Y Change New % -43.7% Existing % -2.5% Distress Share 19.5% -3.% -34.3% Residential Construction Total Starts Single-Family Multifamily Average Single-Family Sales Price* New $3,194-1.% +9.4% Existing $24, % +7.5% Distress $162, % +3.5% Esmeralda Nye Clark Lincoln Source: Lied Institute calculations using CoreLogic Data and the State of the Cities Data Systems by U.S. Department of Housing and Urban Development. *Figures portray Three-Month Moving Weighted Averages Page 15

17 Nevada s Housing Market June 214 Southern Trends Single-Family Home Prices Monthly Number of Sales Single-Family Distress Sales Date (January 2 - June 214) Date (January 2 - June 214) Existing New REO Sales Short Sales Single-Family Distress Sales Share of Distress Sales Share of Distress Single-Family Home Sales Date (January 2 - June 214) REO Sales Short Sales Date (January 2 - June 214) Page 16

18 Nevada s Housing Market June 214 Southern Trends Count in Thousands Foreclosure Trends Monthly Frequency Notices of Default and Repossessions Date (January 2 - June 214) Days Delinquent Foreclosure Inventory Percent Equity in Quarter 2, 214 (Home Value - Mortgage Balance) Date (April 25 - June 214) REO 3-Month Moving Average Actual REO NOD 3-Month Moving Average Actual NOD Source: RealtyTrac Monthly Frequency Residential Home Auctions Date (April 25 - June 214) Positive Equity Negative Equity Notice of Trustee Sales 3-Month Moving Average Source: RealtyTrac Page 17

19 Nevada s Housing Market June 214 Rural Trends Population: 147,777 in 213 Housing Units: 65,629 in 212 Source: U.S. Census Bureau: State and County QuickFacts (Elko, Esmeralda, Eureka, Humboldt, Lander, Lincoln, Mineral, Nye, Pershing, and White Pine County) Page 18

20 Nevada s Housing Market June 214 Rural Trends The distress share in Rural Nevada continues to fluctuate each month as this month saw a 51 percent decrease in the share of homes sold under distress. These large changes are due to REO sales varying each month, as short sales are fairly constant in rural Nevada. There were 15 REO sales in Rural Nevada during June 214, 33 less than May 214. Rural Nevada is the only region in Nevada where foreclosures dominate short sales. Washoe Humboldt Pershing Elko Rural Nevada is the biggest sufferer in Nevada in terms of new home sales. New home sales decreased 14 percent in June 214 and are down 46.7 percent year over year. New single-family start ups also fell this month in Rural Nevada and continue to remain low. Storey Carson City Lyon Churchill Lander Eureka White Pine Douglas Mineral Single-Family Home Sales* June 214 M2M Change Y2Y Change New % -46.7% Existing % -29.8% Distress Share 12.4% -5.8.% +3.2% Residential Construction Total Starts Single-Family Multifamily + -2 Average Single-Family Sales Price* New $29,52-1.7% -13.8% Existing $131, % +11.% Distress $82, % -16.4% Esmeralda Nye Clark Lincoln Source: Lied Institute calculations using CoreLogic Data and the State of the Cities Data Systems by U.S. Department of Housing and Urban Development. *Figures portray Three-Month Moving Weighted Averages Page 19

21 Nevada s Housing Market June 214 Rural Trends Single-Family Home Prices Monthly Number of Sales Single-Family Home Sales Date (January 2 - June 214) Date (January 2 - June 214) Existing New Existing New Single-Family Distress Sales Share of Distress Single-Family Home Sales Share of Distress Sales Date (January 2 - June 214) REO Sales Short Sales Date (January 2 - June 214) 214 Page 2

22 Nevada s Housing Market June 214 Rural Trends 1.5 Foreclosure Trends Notices of Default and Repossessions Count in Thousands Date (January 2 - June 214) Days Delinquent Foreclosure Inventory 1 2 Monthly Frequency Date (April 25 - June 214) REO 3-Month Moving Average Actual REO NOD 3-Month Moving Average Actual NOD Source: RealtyTrac Percent Equity in Quarter 2, 214 (Home Value - Mortgage Balance) Monthly Frequency Residential Home Auctions Date (April 25 - June 214) Positive Equity Negative Equity Notice of Trustee Sales 3-Month Moving Average Source: RealtyTrac Page 21

23 Nevada s Housing Market June 214 About the Lied Institute The Lied Institute was established in 1989 by the Lee Business School at the University of Nevada, Las Vegas to foster excellence in real estate education and research. Through partnerships with business and community leaders, the Lied Institute strives to improve the real estate business and effective public policy practices in Southern Nevada. The institute produces relevant and timely real estate research, supports educational programs in real estate economics and finance for students and professionals, and provides community outreach and continuing education. About the Department of Business & Industry The Department of Business and Industry is a cabinet level agency in the Nevada State government. The Department s objective is to encourage and promote the development and growth of business and to ensure the legal operation of business in order to protect consumers by maintaining a fair and competitive regulatory environment. The Director s office at Business and Industry manages a number of programs and initiatives to address the needs of small businesses, homeowners and consumers including small business advocacy, bond programs, access to capital, housing retention programs, constituent services and fraud prevention and education. Lied Institute for Real Estate Studies 455 S. Maryland Parkway, Box Las Vegas, NV Edward Coulson Director (72) Betty Campbell Program Coordinator (72) Peter Counts Graduate Assistant Department of Business & Industry 555 E. Washington Ave #49 Las Vegas, NV 8911 Bruce Breslow Director (775) Ashok Mirchandani Deputy Director (72) Copyright 213 Report on Nevada s Housing Market Readers may reproduce the publication s items if they cite the publication name and date, and note the copyright of Lied Institute for Real Estate Studies, University of Nevada, Las Vegas and the State of Nevada Department of Business & Industry Page 22

Report on Nevada s Housing Market

Report on Nevada s Housing Market December 214 Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is co-presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas and

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market March Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is co presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas and the State

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market June Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is co presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas and the State

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market September Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is co-presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas and the

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market May Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is co presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas and the State

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market February Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is co presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas and the

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market March Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is co-presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas and the State

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market February Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is co presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas and the

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market May Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas. These reports

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market July Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas. These reports

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market August Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas. These reports

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market August 216 Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas. These reports

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market October Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas. These reports

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market June Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas. These reports

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market July Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas. These reports

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market October Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas. These reports

More information

Report on Nevada s Housing Market

Report on Nevada s Housing Market July Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is co-presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas and the State

More information

CONTENTS. Executive Summary 1. Southern Nevada Economic Situation 2 Household Sector 5 Tourism & Hospitality Industry

CONTENTS. Executive Summary 1. Southern Nevada Economic Situation 2 Household Sector 5 Tourism & Hospitality Industry CONTENTS Executive Summary 1 Southern Nevada Economic Situation 2 Household Sector 5 Tourism & Hospitality Industry Residential Trends 7 Existing Home Sales 11 Property Management Market 12 Foreclosure

More information

CONTENTS. Executive Summary. Southern Nevada Economic Situation 1 Household Sector 4 Tourism & Hospitality Industry

CONTENTS. Executive Summary. Southern Nevada Economic Situation 1 Household Sector 4 Tourism & Hospitality Industry CONTENTS Executive Summary Southern Nevada Economic Situation 1 Household Sector 4 Tourism & Hospitality Industry Residential Trends 6 Existing Home Sales 10 Property Management Market 11 Foreclosure Situation

More information

APARTMENT MARKET TRENDS

APARTMENT MARKET TRENDS VOLUME 21 1ST QUARTER 2018 Featuring data from the Center for Business and Economic Research The Las Vegas apartment market saw a slight increase in the average asking rent and an increase the vacancy

More information

APARTMENT MARKET TRENDS

APARTMENT MARKET TRENDS VOLUME 22 2nd QUARTER 2018 Featuring data from the Center for Business and Economic Research The Las Vegas apartment market saw an increase in the average asking rent and a decrease in the vacancy rate

More information

Lied Institute Report on Apartment Market Trends featuring data from the Center for Business and Economic Research

Lied Institute Report on Apartment Market Trends featuring data from the Center for Business and Economic Research Volume 7, 3 rd Quarter, 2014 Lied Institute Report on featuring data from the Center for Business and Economic Research in 3 rd Quarter 2014 Las Vegas s apartment market saw small quarterly decreases in

More information

NEVADA HOUSING MARKET UPDATE

NEVADA HOUSING MARKET UPDATE NEVADA HOUSING MARKET UPDATE A MONTHLY REPORT FROM THE LIED INSTITUTE FOR REAL ESTATE STUDIES Photo Credit: City of Henderson Location: Silver Springs TABLE OF CONTENTS LAS VEGAS METROPOLITAN AREA TRENDS...

More information

U.S. Foreclosure Activity Increases 2 Percent in July Boosted by 6 Percent Increase in Foreclosure Starts

U.S. Foreclosure Activity Increases 2 Percent in July Boosted by 6 Percent Increase in Foreclosure Starts August 13, 2013 By RealtyTrac Staff U.S. Foreclosure Activity Increases 2 Percent in July Boosted by 6 Percent Increase in Foreclosure Starts Bank Repossessions Up 4 Percent From Previous Month, 29 States

More information

NEVADA HOUSING MARKET UPDATE

NEVADA HOUSING MARKET UPDATE NEVADA HOUSING MARKET UPDATE A MONTHLY REPORT FROM THE LIED INSTITUTE FOR REAL ESTATE STUDIES Photo Credit: City of Henderson Location: Silver Springs TABLE OF CONTENTS LAS VEGAS METROPOLITAN AREA TRENDS...

More information

NEVADA HOUSING MARKET UPDATE

NEVADA HOUSING MARKET UPDATE NEVADA HOUSING MARKET UPDATE A MONTHLY REPORT FROM THE LIED INSTITUTE FOR REAL ESTATE STUDIES Photo Credit: City of Henderson Location: Silver Springs TABLE OF CONTENTS LAS VEGAS METROPOLITAN AREA TRENDS...

More information

Business Creation Index

Business Creation Index Business Creation Index December 2016 National Association of REALTORS Research Department Introduction The new Business Creation Index (BCI) was created to monitor local economic conditions from the perspective

More information

Update of U.S. Residential Real Estate Trends: Including economic data, current sales, new construction,

Update of U.S. Residential Real Estate Trends: Including economic data, current sales, new construction, THE WRIGHT REPORT Update of U.S. Residential Real Estate Trends: Including economic data, current sales, new construction, interest rates, new construction, and foreclosures. January to June, 2017 www.thewrightinsight.net

More information

NEVADA HOUSING MARKET UPDATE

NEVADA HOUSING MARKET UPDATE NEVADA HOUSING MARKET UPDATE A MONTHLY REPORT FROM THE LIED INSTITUTE FOR REAL ESTATE STUDIES Photo Credit: City of Henderson Location: Silver Springs TABLE OF CONTENTS LAS VEGAS METROPOLITAN AREA TRENDS...

More information

NEVADA HOUSING MARKET UPDATE

NEVADA HOUSING MARKET UPDATE NEVADA HOUSING MARKET UPDATE A MONTHLY REPORT FROM THE LIED INSTITUTE FOR REAL ESTATE STUDIES Photo Credit: City of Henderson Location: Silver Springs TABLE OF CONTENTS LAS VEGAS METROPOLITAN AREA TRENDS...

More information

NEVADA HOUSING MARKET UPDATE

NEVADA HOUSING MARKET UPDATE NEVADA HOUSING MARKET UPDATE A MONTHLY REPORT FROM THE LIED INSTITUTE FOR REAL ESTATE STUDIES Photo Credit: City of Henderson Location: Silver Springs TABLE OF CONTENTS LAS VEGAS METROPOLITAN AREA TRENDS...

More information

APARTMENT MARKET TRENDS

APARTMENT MARKET TRENDS VOLUME 23 3rd QUARTER 2018 Featuring data from the Center for Business and Economic Research The Las Vegas apartment market saw a slight increase in the average asking rent and an increase in the vacancy

More information

Lied Institute Report on Apartment Market Trends featuring data from the Center for Business and Economic Research

Lied Institute Report on Apartment Market Trends featuring data from the Center for Business and Economic Research Volume 2, 2 nd Quarter, 2013 Lied Institute Report on featuring data from the Center for Business and Economic Research in 2 nd Quarter 2013 Average apartment rental rates in the Las Vegas Valley area

More information

Washoe County. Quarterly Revenue and Economic Review

Washoe County. Quarterly Revenue and Economic Review Washoe County S p e c i a l p o i n t s o f i n t e r e s t : Property taxes were 5.3% lower than they were in the previous year Single Family Home permits were up 28.5% from last year Consolidated Taxes

More information

Shadow inventory in Texas

Shadow inventory in Texas With the national and local real estate markets turning positive, questions remain about the shadow inventory that was supposed to be holding down the market. Concerns over shadow inventory re-entering

More information

ECONOMIC CURRENTS. Vol. 4, Issue 3. THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY

ECONOMIC CURRENTS. Vol. 4, Issue 3. THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Vol. 4, Issue 3 Economic Currents provides an overview of the South Florida regional economy. The report presents current employment,

More information

CBER-LIED Report on Housing Market Conditions

CBER-LIED Report on Housing Market Conditions CBER-LIED Report on Housing Market Conditions CBER and Lied Institute Report Volume 62, 1st, Housing Markets Conditions in 1 st Beginning with this issue of the CBER-LIED Report on Housing Market Conditions,

More information

Market Trends Generated on 04/24/2018 Page 1 of Alpaca St, South El Monte, CA , Los Angeles County.

Market Trends Generated on 04/24/2018 Page 1 of Alpaca St, South El Monte, CA , Los Angeles County. 9743 Alpaca St, South El Monte, CA 91733-3028, Los Angeles County Pricing Trends Median Sale Price to Current Value - Tax The percentage of properties that have increased or decreased in value based on

More information

Market Trends Generated on 09/27/2018 Page 1 of Lorenzen Rd, Tracy, CA , San Joaquin County. Pricing Trends

Market Trends Generated on 09/27/2018 Page 1 of Lorenzen Rd, Tracy, CA , San Joaquin County. Pricing Trends 12 Lorenzen Rd, Tracy, CA 95304-8188, San Joaquin County Pricing Trends Median Sale Price to Current Value - Tax The percentage of properties that have increased or decreased in value based on the year

More information

Economic Highlights. Retail Sales Components 1. University of Michigan Consumer Sentiment Index 2. Industrial Production and Capacity Utilization 3

Economic Highlights. Retail Sales Components 1. University of Michigan Consumer Sentiment Index 2. Industrial Production and Capacity Utilization 3 November 17, 2010 Economic Highlights Consumer Spending Retail Sales Components 1 University of Michigan Consumer Sentiment Index 2 Manufacturing Industrial Production and Capacity Utilization 3 Real Estate

More information

Las Vegas. in 2006Q11 (4.5%).

Las Vegas. in 2006Q11 (4.5%). Lied Institute Report on featuring data from the Center for Business Economic Research Volume 13, 1 st Quarter, 2016 in 1 st Quarter 2016 The Las Vegas apartment market saw a slight increase in the average

More information

(904) (904)

(904) (904) Press Release For more information: Media contact: Investor contact: Michelle Kersch Nancy Murphy (904) 854-5043 (904) 854-8640 michelle.kersch@lpsvcs.com nancy.murphy@lpsvcs.com LPS Home Price Index Report:

More information

State of the Nation s Housing 2011: A Preview

State of the Nation s Housing 2011: A Preview State of the Nation s Housing 2011: A Preview Christopher Herbert Remodeling Futures Conference April 5, 2011 www.jchs.harvard.edu No Signs of a Recovery Yet % Change % Change Description: 2008 2009 2010

More information

NEVADA HOUSING MARKET UPDATE

NEVADA HOUSING MARKET UPDATE NEVADA HOUSING MARKET UPDATE A MONTHLY REPORT FROM THE LIED INSTITUTE FOR REAL ESTATE STUDIES Photo Credit: City of Henderson Location: Silver Springs TABLE OF CONTENTS LAS VEGAS METROPOLITAN AREA TRENDS...

More information

Foreclosures Copyright 2014 Rogue Investor

Foreclosures  Copyright 2014 Rogue Investor Foreclosures www.rogueinvestor.com Copyright 2014 Rogue Investor Facts about foreclosures! 1.2 million homes are still in the process of foreclosure (January, 2014)! 2009: 1 in 84 homes were in foreclosure

More information

U.S. Home Price Insights Report

U.S. Home Price Insights Report U.S. Home Price Insights Report FEATURING CORELOGIC HPI Through September 2015 with Forecasts From October 2015 CoreLogic HPI National Overview With the September release, the CoreLogic HPI posted a gain

More information

Housing and Mortgage Market Update

Housing and Mortgage Market Update Housing and Mortgage Market Update Views from the Top Frank E. Nothaft Vice President and Chief Economist January 8, 2015 Summary: Housing & Mortgage Market Outlook for 2015 Interest rates expected to

More information

asking rent and the average asking rent

asking rent and the average asking rent Lied Institute Report on featuring data from the Center for Business Economic Research Volume 15, 3 rd Quarter, 2016 in 3 rd Quarter 2016 The Las Vegas apartment market saw an increase in the average asking

More information

RESIDENTIAL MARKET ANALYSIS

RESIDENTIAL MARKET ANALYSIS RESIDENTIAL MARKET ANALYSIS EVAN ABRAMOWITZ Joseph Bernard Investment Real Estate Oregon Association of Realtors Student Fellow Masters of Real Estate Development Graduate Student National housing market

More information

Statement of. Peter A. Tatian Senior Research Associate, Urban Institute

Statement of. Peter A. Tatian Senior Research Associate, Urban Institute Statement of Peter A. Tatian Senior Research Associate, Urban Institute Before the Council of the District of Columbia, Committee on Housing and Urban Affairs and Committee on Public Services and Consumer

More information

LPS Home Price Index Report: October Transactions U.S. Home Prices Up 0.3 Percent for the Month; Up 4.3 Percent Year-Over-Year

LPS Home Price Index Report: October Transactions U.S. Home Prices Up 0.3 Percent for the Month; Up 4.3 Percent Year-Over-Year Press Release For more information: Media contact: Investor contact: Michelle Kersch Nancy Murphy (904) 854-5043 (904) 854-8640 michelle.kersch@lpsvcs.com nancy.murphy@lpsvcs.com LPS Home Price Index Report:

More information

LEVERAGING THE LATEST HOUSING MARKET TRENDS TO HELP DISTRESSED HOMEOWNERS Renwood RealtyTrac LLC

LEVERAGING THE LATEST HOUSING MARKET TRENDS TO HELP DISTRESSED HOMEOWNERS Renwood RealtyTrac LLC LEVERAGING THE LATEST HOUSING MARKET TRENDS TO HELP DISTRESSED HOMEOWNERS WHAT WE LL COVER A bit about RealtyTrac Where have all the foreclosures gone? Markets bucking the downward trend Shadow inventory?

More information

Paper for presentation at the 2005 AAEA annual meeting Providence, RI July 24-27, 2005

Paper for presentation at the 2005 AAEA annual meeting Providence, RI July 24-27, 2005 NEXT YEAR ON THE U.S. FARMLAND MARKET: AN INFORMATIONAL APPROACH Charles B. Moss, Ashok K. Mishra, And Kenneth Erickson Paper for presentation at the 2005 AAEA annual meeting Providence, RI July 24-27,

More information

MULTIFAMILY TAX SUBSIDY PROJECT INCOME LIMITS

MULTIFAMILY TAX SUBSIDY PROJECT INCOME LIMITS MULTIFAMILY TAX SUBSIDY PROJECT INCOME LIMITS This chart is provided as a guide only for the following programs: Low Income Housing Tax Credit (LIHTC) Hula Mae Multi-Family Bonds (HMMF) Rental Housing

More information

(904) (904)

(904) (904) Press Release For more information: Media contact: Investor contact: Michelle Kersch Nancy Murphy (904) 854-5043 (904) 854-8640 michelle.kersch@lpsvcs.com nancy.murphy@lpsvcs.com LPS Home Price Index Report:

More information

(904) (904)

(904) (904) Press Release For more information: Media contact: Investor contact: Michelle Kersch Nancy Murphy (904) 854-5043 (904) 854-8640 michelle.kersch@lpsvcs.com nancy.murphy@lpsvcs.com LPS Home Price Index Report:

More information

Executive Summary. Trends. Hot Spots. Type Specific. Special Interest

Executive Summary. Trends. Hot Spots. Type Specific. Special Interest Changes in the economy and in financial markets have a tendency to provoke corresponding changes in fraud schemes as perpetrators learn how to game the system in new ways. see page 13 The Interthinx Fraud

More information

the Center percent). Rent Q Greater than 1050

the Center percent). Rent Q Greater than 1050 Lied Institute Report on featuring data from the Center for Business Economic Research Volume 8, 4 th Quarter, 2014 in 4 th Quarter 2014 The Las Vegas apartment market saw a slight decrease in asking rents

More information

quarter andd Figure % (2009 Q3) 15.68% Drop $741 (2013 Q1) Average Vacancy Rate (%) Average Rent

quarter andd Figure % (2009 Q3) 15.68% Drop $741 (2013 Q1) Average Vacancy Rate (%) Average Rent Lied Institute Report on featuring data from the Center for Business Economic Research Volume 17, 1 st Quarter, 2017 in 1 st Quarter 2017 The Las Vegas apartment market saw a slight increase in the average

More information

NCSL TABLE REAL ESTATE TRANSFER TAXES

NCSL TABLE REAL ESTATE TRANSFER TAXES NCSL TABLE REAL ESTATE TRANSFER TAXES State Tax Description Rate Alabama Deeds: $0.50/$500 0.10% Mortgages: $0.15/$100 0.15% Alaska None N/A Arizona Flat real estate transfer fee: Flat fee $2.00 Arkansas

More information

I. The Affordability Problem in Boston II. What is Affordable? III.Housing Costs IV.Housing Production V. What Can Public Policy Do? I.

I. The Affordability Problem in Boston II. What is Affordable? III.Housing Costs IV.Housing Production V. What Can Public Policy Do? I. October 23, 2017 I. The Affordability Problem in Boston II. What is Affordable? III.Housing Costs IV.Housing Production V. What Can Public Policy Do? I. What is it Already Doing? II. Case Studies 2 West

More information

Market Trends and Outlook

Market Trends and Outlook Residential Remodeling Market Trends and Outlook Kermit Baker Remodeling Futures Conference April 3, 2012 Remodeling Market Overview 1. Home improvement spending totaled an estimated $290 billion last

More information

Las Vegas Housing-Market Conditions

Las Vegas Housing-Market Conditions Las Vegas Housing-Market Conditions The Center for Business and Economic Research Las Vegas Housing Market Searching for Bottom Volume 57, 4th The national housing market remained beset with problems in.

More information

North Central Jersey Association of REALTORS

North Central Jersey Association of REALTORS MARKET DATA REPORT North Central Jersey Association of REALTORS Provided for the month of (973) 425-0110 http://ncjar.com/ 910 Mt Kemble Ave Morristown, NJ 07960 Listings Trends The key metrics for residential

More information

Swimming Against the Tide: Forging Affordable Housing Opportunities from the Foreclosure Crisis

Swimming Against the Tide: Forging Affordable Housing Opportunities from the Foreclosure Crisis Swimming Against the Tide: Forging Affordable Housing Opportunities from the Foreclosure Crisis Prepared for: Rethink. Recover. Rebuild. Reinventing Older Communities Philadelphia, PA May 14, 2010 George

More information

National Foreclosure Report

National Foreclosure Report National Foreclosure Report FEBRUARY 2016 2.6% In February, the foreclosure inventory was down 2.6 percent from January 2016, representing 52 months of consecutive year-overyear declines. Job creation

More information

NEW HOME HIGHLIGHTS EXISTING HOME HIGHLIGHTS. April Monthly Report

NEW HOME HIGHLIGHTS EXISTING HOME HIGHLIGHTS. April Monthly Report Monthly Report THE BOTTOM LINE Pricing in the southern Nevada housing market continued its upward trajectory in. With median resale closing prices rebounding by 34.1 percent, market trends are more reflective

More information

OBSERVATION. TD Economics IS THE AMERICAN HOUSING REBOUND SUSTAINABLE?

OBSERVATION. TD Economics IS THE AMERICAN HOUSING REBOUND SUSTAINABLE? OBSERVATION TD Economics IS THE AMERICAN HOUSING REBOUND SUSTAINABLE? Highlights 2012 was a very good year for the U.S. housing market. Home prices were up almost 8% and housing starts by close to 30%.

More information

RESIDENTIAL MARKET ANALYSIS

RESIDENTIAL MARKET ANALYSIS RESIDENTIAL MARKET ANALYSIS EVAN ABRAMOWITZ RMLS Student Fellow Master of Real Estate Development Graduate Student September existing-home sales declined modestly, but inventory continued to tighten and

More information

Your Guide to Real Estate Customs by State

Your Guide to Real Estate Customs by State Your Guide to Real Estate Customs by State First American Title Real Estate Customs by State Yes No State Title Insurance Rates Form of Conveyance State Encumbrance Forms Attorney State or Deed Transfer

More information

Housing Price Forecasts. Illinois and Chicago PMSA, March 2019

Housing Price Forecasts. Illinois and Chicago PMSA, March 2019 Housing Price Forecasts Illinois and Chicago PMSA, March 2019 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University

More information

(904) (904)

(904) (904) Press Release For more information: Media contact: Investor contact: Michelle Kersch Nancy Murphy (904) 854-5043 (904) 854-8640 michelle.kersch@lpsvcs.com nancy.murphy@lpsvcs.com LPS' April HPI Report:

More information

Bonita Springs-Estero Association of REALTORS

Bonita Springs-Estero Association of REALTORS MARKET DATA REPORT Bonita Springs-Estero Association of REALTORS Provided for the month of (239) 992-6771 http://bearflorida.point2agent.com./ 25300 Bernwood Drive Suite 1 Bonita Springs, FL 34135 Listings

More information

Monthly Indicators % + 9.8% % Market Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price

Monthly Indicators % + 9.8% % Market Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price Monthly Indicators 2018 Last year, U.S. consumers seemed to be operating with a renewed but cautious optimism. The stock market was strong, wages were edging upwards and home buying activity was extremely

More information

State Housing Trust Fund Revenues 2017

State Housing Trust Fund Revenues 2017 Center for Community Change Project www.housingtrustfundproject.org State Revenues 2017 State Revenue Sources Notes Alabama No revenue Arizona State Unclaimed Property Fund; net revenue from AHFA s single

More information

RESIDENTIAL MARKET ANALYSIS

RESIDENTIAL MARKET ANALYSIS RESIDENTIAL MARKET ANALYSIS NGAN NGUYEN Oregon Association of Realtors Student Fellow & Certificate of Real Estate Development Graduate Student Oregon s Office of Economic Analysis warns that the housing

More information

IRVINE, Calif. May 8, 2014

IRVINE, Calif. May 8, 2014 ALL-CASH SHARE OF U.S. RESIDENTIAL SALES REACHES NEW HIGH IN FIRST QUARTER EVEN AS INSTITUTIONAL INVESTOR SHARE OF SALES DROPS TO LOWEST LEVEL SINCE Q1 2012 May 5, 2014 By RealtyTrac Staff All-Cash Purchases

More information

Delmarva Outlook 2015

Delmarva Outlook 2015 Delmarva Outlook 2015 Presented by: William McCain W.R. McCain & Associates, Inc. Real Estate Valuation & Consultation 205 Executive Plaza Salisbury, MD 21804 (410) 742-3201 www.wrmccain.com W. R. McCain

More information

Your Guide to. Real Estate. Customs by State

Your Guide to. Real Estate. Customs by State Your Guide to Real Estate Customs by First American Title National Commercial Services Real Estate Customs by Title Insurance Rates Form of Conveyance Encumbrance Forms Attorney or Commitment Deed Transfer

More information

Exclusive Report: Q Foreclosure Inventory Update

Exclusive Report: Q Foreclosure Inventory Update U.S. Foreclosure Inventory Bouncing Back After National Mortgage Settlement After peaking at more than 2.2 million in December 2010, U.S. foreclosure inventory including homes actively in the foreclosure

More information

Housing Price Forecasts. Illinois and Chicago PMSA, August 2016

Housing Price Forecasts. Illinois and Chicago PMSA, August 2016 Housing Price Forecasts Illinois and Chicago PMSA, August 2016 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public

More information

ECONOMIC COMMENTARY. Housing Recovery: How Far Have We Come? Daniel Hartley and Kyle Fee

ECONOMIC COMMENTARY. Housing Recovery: How Far Have We Come? Daniel Hartley and Kyle Fee ECONOMIC COMMENTARY Number 13-11 October, 13 Housing Recovery: How Far Have We Come? Daniel Hartley and Kyle Fee Four years into the economic recovery, housing markets have fi nally started to improve.

More information

Greater Lansing Association of REALTORS

Greater Lansing Association of REALTORS MARKET DATA REPORT Greater Lansing Association of REALTORS Provided for the month of (517) 323-4090 http://www.lansing-realestate.com/ 4039 Legacy Parkway Suite 100 Lansing, MI 48911 Listings Trends Active

More information

Prescott Area Association of REALTORS

Prescott Area Association of REALTORS MARKET DATA REPORT Prescott Area Association of REALTORS Provided for the month of (928) 445-2663 3719 Karicio Lane Prescott, AZ 86303 Listings Trends The key metrics for residential inventory (single-family

More information

Black Knight Home Price Index Report: December Transactions U.S. Home Prices Down 0.1 Percent for the Month; Up 4.5 Percent Year-Over-Year

Black Knight Home Price Index Report: December Transactions U.S. Home Prices Down 0.1 Percent for the Month; Up 4.5 Percent Year-Over-Year Press Release For more information: Media contact: Michelle Kersch 904.854.5043 michelle.kersch@bkfs.com Black Knight Home Price Index Report: December Transactions U.S. Home Prices Down 0.1 Percent for

More information

What is Proper Tax Policy for Smokeless Tobacco Products?

What is Proper Tax Policy for Smokeless Tobacco Products? September 22, 2006 What is Proper Tax Policy for Smokeless Tobacco Products? by Gerald Prante Fiscal Fact No. 65 While there exist a large literature and extensive policy discussion on the issue of cigarette

More information

Housing Price Forecasts. Illinois and Chicago PMSA, October 2014

Housing Price Forecasts. Illinois and Chicago PMSA, October 2014 Housing Price Forecasts Illinois and Chicago PMSA, October 2014 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public

More information

HOUSING MARKET ANALYSIS

HOUSING MARKET ANALYSIS HOUSING MARKET ANALYSIS EVAN ABRAMOWITZ Joseph Bernard Investment Real Estate Oregon Association of Realtors Student Fellow & Masters of Real Estate Development Graduate Student National housing market

More information

Black Knight Home Price Index Report: June Transactions U.S. Home Prices Up 0.8 Percent for the Month; Up 5.5 Percent Year-Over-Year

Black Knight Home Price Index Report: June Transactions U.S. Home Prices Up 0.8 Percent for the Month; Up 5.5 Percent Year-Over-Year For more information: Press Release Media contact: Michelle Kersch (904) 854-5043 michelle.kersch@bkfs.com Black Knight Home Price Index Report: June Transactions U.S. Home Prices Up 0.8 Percent for the

More information

ECONOMIC CURRENTS. Vol. 3, Issue 1. THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction

ECONOMIC CURRENTS. Vol. 3, Issue 1. THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction ECONOMIC CURRENTS THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction Economic Currents provides an overview of the South Florida regional economy. The report contains current employment, economic and real

More information

Annual Market Report for 2010 for Naples, Bonita, Estero market area

Annual Market Report for 2010 for Naples, Bonita, Estero market area Annual Market Review Closed Sales The number of closed sales in once again increased over prior year, making it the third consecutive year to show an increase. Properties priced under $25, continued to

More information

ECONOMIC CURRENTS. Vol. 5 Issue 2 SOUTH FLORIDA ECONOMIC QUARTERLY. Key Findings, 2 nd Quarter, 2015

ECONOMIC CURRENTS. Vol. 5 Issue 2 SOUTH FLORIDA ECONOMIC QUARTERLY. Key Findings, 2 nd Quarter, 2015 ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Economic Currents provides an overview of the South Florida regional economy. The report presents current employment, economic and real

More information

Residential Real Estate, Demographics, and the Economy

Residential Real Estate, Demographics, and the Economy Residential Real Estate, Demographics, and the Economy Presented to: Regional & Community Bankers Conference Yolanda K. Kodrzycki Senior Economist and Policy Advisor Federal Reserve Bank of Boston October

More information

Annual Report On Our National Real Estate Market

Annual Report On Our National Real Estate Market A TWINCITIESPROPERTYFINDER.COM RESOURCE Annual Report On Our National Real Estate Market 1 Contents Industry Facts 3 Mortgage Stats 4 Distressed Properties & Price Information 5 Today s Buyer 6 First-Time

More information

Marijuana and Real Estate: A Budding Issue

Marijuana and Real Estate: A Budding Issue Marijuana and Real Estate: A Budding Issue November 2018 National Association of REALTORS Research Group Residential Real Estate and growing in home or common areas. Six percent report that homeowner associations

More information

Housing Price Forecasts. Illinois and Chicago PMSA, January 2018

Housing Price Forecasts. Illinois and Chicago PMSA, January 2018 Housing Price Forecasts Illinois and Chicago PMSA, January 2018 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University

More information

Scottsdale Area Association of REALTORS MARKET DATA REPORT. September Scottsdale Area Association of REALTORS

Scottsdale Area Association of REALTORS MARKET DATA REPORT. September Scottsdale Area Association of REALTORS Scottsdale Area Association of REALTORS MARKET DATA REPORT Scottsdale Area Association of REALTORS 8600 E Anderson Dr, Suite 200 Scottsdale, AZ 85255 SAARonline.com 480-945-2651 info@saaronline.com Listings

More information

National Foreclosure Report

National Foreclosure Report National Foreclosure Report OCTOBER 20 1.5% In October, the foreclosure inventory was down 1.5 percent from September 20, representing 48 months of consecutive year-overyear declines. Improved economic

More information